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Friday June 18th, 2021
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Laugfs says LPG supplies to Sri Lanka restored

ECONOMYNEXT – Sri Lanka’s Laugfs Gas said distributrion liquefied petroleum gas has been increased, ending a disruption seen last week and supplies fuel had been secured for the next four months.

The firm had to curtail supplies to domestic consumers from 21 to 24 October, but fro October 26, supplies had been doubled, the firm said.

Thought industrial demand was filled, there was 35 percent drop in domestic sales.

“Excessive demand from consumers in the wake of perceived shortage further aggravated the situation,” the company said.

LAUGFS Gas said it was working a 24 hours instead of the usual 12 hours shift to distribute gas.

Gas carriers were transporting 22,000 Metric Tonnes of LPG to its terminal in Hambantota, the firm said.

There had been a supply disruption after global LPG production slowed following an attack on Saudi Aramco oil facilities.

“In the aftermath of the attack, multinational LPG players in the subcontinent sought to balance the demand for LPG globally, which triggered a slowing down of LPG supply to countries in South Asia,” Laugfs said. (Colombo/Oct29/2019)

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